---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-015229"
form_type: "8-K"
ticker: "TSEOF"
cik: "0001519061"
company_name: "Trinseo PLC"
filed_at: "2023-08-23T23:59:59+00:00"
generated_at: "2026-06-11T04:45:28.769742+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Trinseo approves restructuring plan with plant closures in Denmark, New Mexico, Italy; expects $22-27M charges

## Summary
- Closure of PMMA cast sheets plant in Bronderslev, Denmark, batch polyester tray casting plant in Belen, NM, and extruded sheet line in Rho, Italy.
- Total restructuring charges estimated at $22M to $27M, including $10-12M severance and $8-9M asset-related charges.
- Substantially complete by end of 2024; $19M to $24M of charges expected in 2023.
- Cash portion of charges estimated at $12M to $14M, mainly severance, substantially incurred by end of 2024.
- Plan also includes other workforce reductions; potential closure of Terneuzen, Netherlands styrene plant pending board approval.

## SEC filing metadata
- accession: 0001558370-23-015229
- form_type: 8-K
- ticker: TSEOF
- cik: 0001519061
- company_name: Trinseo PLC
- filed_at: 2023-08-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1519061/000155837023015229/0001558370-23-015229-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1519061/000155837023015229/tse-20230817x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-015229
- JSON: https://secwatch.observer/filing/0001558370-23-015229.json
- Plain text: https://secwatch.observer/filing/0001558370-23-015229.txt

## Key facts
- Restructurings & Charges
  Trinseo PLC announced a restructuring with charges of approximately $22 million to $27 million affecting PMMA sheet network, primarily in Europe, Bronderslev (Denmark) plant, Belen (New Mexico) plant, Rho (Italy) plant, and general & administrative network (approximately $10 million to $12 million of severance benefits to affected employees).
  - Type: restructuring
  - Charge: approximately $22 million to $27 million
  - Affected area: PMMA sheet network, primarily in Europe, Bronderslev (Denmark) plant, Belen (New Mexico) plant, Rho (Italy) plant, and general & administrative network
  - Headcount: approximately $10 million to $12 million of severance benefits to affected employees
  source text: is expected to be substantially completed by the end of 2024. The Company expects to incur total restructuring charges in connection with the Plan ranging from approximately $22 million to $27 million. The total charges will consist of approximately $10 million to $12 million of severance benefits to affected employees; approximately $8 million to $9 million of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1519061/000155837023015229/0001558370-23-015229-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.